Berlin: Start-Ups Increase Berlin Office Space Turnover
Following a recent survey of JLL, more than 900.000 square meters of Berlin office space have been re-let over the past year. In direct comparison with the year 2015, this result is a plus of almost four percent. Considering the five-year step, this number even increases to an incredible 50 percent.
Especially young start-ups in the field of technology and media benefit from the favourable demographic situation and the distinctive research network oft he capital. This way, the Berlin housing market directly profits from the influx of well-developed specialists.
Germany: Falling Ownership Rate
The ownership rate continues to decline. While 70 percent of people still live in their own homes in European average, the situation in Germany looks quite different, following a current report of the Pestel Institute. On a national level, solely 46 percent use their own four walls for themselves. In direct European comparison, Germany thereby even ended up in last place, as also the low ownership rate of mere 52 percent demonstrates.
Especially in Bavaria and Hesse, both regions with competition in the housing market above average, less and less people buy residential property. According to the Pestel Institute, possible reasons are the considerably high land transfer taxes, as well as the strong tenant protection in this country, as both factors increase the price oft he real estate market noticeably.
You are looking fo a lucrative investment opportunity on the Berlin property market, then do not hesitate to contact us today via telephone or mail.
Your Accord Estates GmbH Team